Weekly Agri- Commodities Recap: 22-26/07/24
Jul 29, 2024
The week started with a wheat market in Central and Northern Europe that paused as harvests began in Germany, Poland, Lithuania, and Latvia, with Baltic countries reporting lower protein levels but higher yields. The Black Sea region sold over 1.6 million metric tons of wheat for August and September shipments. Tunisia announced a tender for 100,000 metric tons of animal feed barley, while Jordan issued tenders for 120,000 metric tons each of barley and wheat.
On Tuesday, Baltic countries continued their harvest, showing slightly lower quality wheat with high yields. French wheat quality concerns held Matif steady, and Russian wheat prices remained below $220. Romania’s Constanta port shipped 4.2 million metric tons of Ukrainian grain in the first half of the year, while USDA reported slight declines in US corn condition and stable ratings for soybeans and spring wheat.
On Wednesday, Jordan is reported to have made no acquisitions in its tender for 120,000 metric tons of milling wheat, with a new tender expected soon. Brazil’s soybean exports were projected at 10.43 million tons for July, with corn exports slightly higher at 4.56 million tons. Sovecon raised its wheat crop forecast for 2024 to 84.2 million tons and the total grain crop to 130.5 million tons.
Thursday saw Chicago corn and wheat futures saw marginal gains, while Minneapolis wheat declined due to better spring wheat yields. Barley demand from the Black Sea remained strong, though offers were drying up as the harvest wrapped up. Algeria tendered for barley, influencing the market tone. SovEcon increased wheat and barley harvest projections but lowered the corn forecast.
On Friday, wheat futures dropped while corn remained slightly firmer. Concerns over French wheat quality persisted, potentially impacting MATIF specs. Egypt maintained bread prices despite rising diesel costs. USDA reported weekly export sales, with wheat at 309,300 tons for the current marketing year and corn at 331,400 tons. Overall, futures markets closed lower, with Russia’s wheat crop increasing while France’s suffered.
Weekly Recaps
Freight
Freight Recap:
20/11/25
Nov 20, 2025
The dry bulk market showed a steady but uneven performance, with Handysize activity quiet, Supramax maintaining a firm underlying tone, and Panamax supported by stronger fundamentals in both basins. The Atlantic remained broadly stable, supported by positional tightness in some regions, while the Pacific held steady despite lighter fixing. Period and voyage activity continued across segments, reflecting balanced supply and demand dynamics.
Commodities
Agri- Commodities:
10-14/11/25 Agri
Nov 17, 2025
Grain markets firmed at the start of the week as headlines about a possible end to the U.S. government shutdown lifted CBOT futures, while European wheat lagged and improved EU export competitiveness. Market participants noted that, without fresh supportive catalysts, the rally might prove short-lived. Average trade estimates placed U.S. corn and soybean harvests at 92% and 96% complete, with winter wheat 95% planted and 52% good/excellent, though official USDA data remained unavailable due to the shutdown.
Egypt’s state buyer Mostakbal Misr was reported to have bought around 500k tons of wheat for late December–January delivery, including roughly 200k tons from Russia. Russian 12.5% FOB wheat closed last week at $232/t, slightly up on the week. Brazil’s 25/26 corn crop was forecast by Safras at 143.6 mmt, well above USDA’s September estimate. U.S. export inspections showed solid corn and soybean volumes but cumulative soybean loadings remained 6.4 mmt behind last year.
Freight
Freight Recap:
13/11/25
Nov 13, 2025
The dry bulk market showed a mixed performance, with Handysize activity remaining limited, Supramax maintaining firmer sentiment, and Panamax extending its gains on stronger fundamentals. The Atlantic generally held a positive tone across most segments, while the Pacific remained steady but slower, with Asian Handysize and Supramax markets facing softer enquiry and longer tonnage lists. Period interest persisted in both Supramax and Panamax sectors, supported by balanced fundamentals and improving demand signals.
Commodities
Agri- Commodities:
03-07/11/25 Agri
Nov 10, 2025
Soybeans extended their rally on expectations of accelerating Chinese demand, while rumors of U.S. wheat sales to China lifted Chicago futures. Corn stayed firm after StoneX raised its U.S. yield estimate to 186.0 bu/acre, though many still expect revisions lower in upcoming reports. Harvest progress reached 91% for soybeans and 83% for corn, with winter wheat planting nearly complete at 91%.
Export inspections totaled 965k t of soybeans, 1.67 mmt of corn, and 350k t of wheat—broadly in line with expectations. Despite easing trade tensions, Chinese importers continued booking cheaper Brazilian soybeans, reportedly 20 cargoes for December through mid-2026. Kazakhstan’s agriculture ministry reported a 27.1 mmt total harvest, including 20.3 mmt of wheat, far above USDA’s 16 mmt estimate.
